TIDMFRI
RNS Number : 5090N
Frontier Resources International
18 May 2015
For immediate release
18 May 2015
Frontier Resources International Plc
("Frontier" or the "Company")
Result of General Meeting
The Company is pleased to announce that all resolutions were
passed at the General Meeting today.
The resolution to approve a waiver of an obligation under Rule 9
of the City Code on Takeovers and Mergers (the "Waiver") in respect
of the conditional subscription by AGR Energy Limited No. 11 ("AGR
Energy") and parties acting in concert with it (the "Concert
Party") was duly approved by Independent Shareholders on a
poll.
The Company expects that the conditional subscription will
complete shortly and a further announcement will be made in due
course.
Enquiries:
Frontier Resources
International Plc Tel: +1 (281) 920
Jack Keyes, Chief Executive 0061
Officer Tel: +44 (0) 020
Neil Herbert, Chairman 3475 8108
Beaumont Cornish (Nomad) Tel: +44 (0)20 7628
Michael Cornish 3396
Roland Cornish
Beaufort Securities Tel: +44 (0)20 7382
Limited (Broker) 8300
Saif Janjua
Yellow Jersey PR (Financial Tel: +44 (0)7747
PR) 788 221
Anna Legge
Dominic Barretto
A copy of this announcement is available from the Company's
website www.friplc.com
Important Information
Neither the content of the Company's website (or any other
website) nor any website accessible by hyperlinks on the Company's
website (or any other website) is incorporated in, or forms part
of, this announcement.
Any person receiving this announcement is advised to exercise
caution in relation to the contents. If in any doubt about any of
the contents of this announcement, independent professional advise
should be obtained.
Beaumont Cornish Limited ("Beaumont Cornish"), which is
authorised and regulated in the United Kingdom by the Financial
Conduct Authority, is acting for the Company and no one else in
connection with the Proposals and will not be responsible to any
person other than the Company for providing the regulatory and
legal protections afforded to clients of Beaumont Cornish nor for
providing advice in relation to the contents of this announcement
or any matter, transaction or arrangement referred to in it.
Beaumont Cornish has not authorised the contents of, or any part
of, this announcement and no liability whatsoever is accepted by
Beaumont Cornish for the accuracy of any information or opinion
contained in this announcement or for the omission of any
information.
Responsibility Statement
The Directors of the Company accept responsibility for the
information contained in this announcement including individual and
collective responsibility for compliance with the AIM Rules for
Companies, save for the information concerning the Concert Party
(for which each member of the Concert Party and the director of AGR
Energy are responsible). To the best of the knowledge and belief of
the Directors (who have taken reasonable care to ensure that such
is the case) the information contained in this announcement for
which they are responsible is in accordance with the facts and
there are no other facts the omission of which is likely to affect
the import of such information.
Each member of the Concert Party accepts responsibility for the
information contained in this announcement relating to the Concert
Party or otherwise expressly referable to the Concert Party. To the
best of the knowledge and belief of each member of the Concert
Party (who have taken all reasonable care to ensure such is the
case) the information contained in this announcement for which they
are responsible is in accordance with the facts and there are no
other facts the omission of which is likely to affect the import of
such information.
Qualified Persons' Statement
The scientific and technical information contained within this
announcement has been reviewed and approved by Mr Keyes, a Director
of the Company. Mr Keyes has over 30 years' experience in the
international oil industry specialising in exploration operations,
project management and corporate management. Mr Keyes completed his
formal education at the University of Tulsa, Oklahoma with a
Master's Degree in Exploration Geophysics, and is a member, inter
alia, of the American Association of Petroleum Geologists (AAPG),
Society of Petroleum Engineers (SPE), Society of Exploration
Geophysicists (SEG), Petroleum Exploration Society of Great Britain
(PESGB), AIPN (Association of International Petroleum Negotiators),
EI ("Energy Institute") and is the Qualified Person for the
purposes of the AIM Guidance Note on Mining and Oil & Gas
Companies dated June 2009.
Overseas Shareholders
The Ordinary Shares will not be registered under the United
States Securities Act of 1933, as amended, or under the securities
legislation of, or with any securities regulatory authority of, any
state or other jurisdiction of the United States or under the
applicable securities laws of the Republic of South Africa,
Australia, or Japan. Accordingly, subject to certain exceptions,
the Ordinary Shares may not be offered or sold, directly or
indirectly, in or into the United States, the Republic of South
Africa, Australia, or Japan or to or for the account or bene t of
any national, resident or citizen of the Republic of South Africa,
Australia, or Japan or any person located in the United States.
This announcement does not constitute an offer to issue or sell, or
the solicitation of an offer to subscribe for or buy, any of the
Ordinary Shares to any person in any jurisdiction to whom it is
unlawful to make such an offer or solicitation in such
jurisdiction. The distribution of this announcement in certain
jurisdictions may be restricted by law. In particular, this
announcement should not be distributed, published, reproduced or
otherwise made available in whole or in part, or disclosed by
recipients to any other person, and in particular, should not be
distributed, subject to certain exceptions, to persons with
addresses in the United States of America, the Republic of South
Africa, Australia, or Japan. No action has been taken by the
Company or by Beaumont Cornish that would permit a public offer of
any of the Ordinary Shares or possession or distribution of this
announcement where action for that purpose is required. Persons
into whose possession this announcement comes should inform
themselves about, and observe, any such restrictions. Any failure
to comply with these restrictions may constitute a violation of the
securities laws of such jurisdictions.
Forward Looking Statements
Certain statements in this Document are, or may be deemed to be,
forward looking statements. Forward looking statements are identi
ed by their use of terms and phrases such as "believe", "could",
"should", "envisage", "estimate", "intend", "may", "plan", "will"
or the negative of those, variations or comparable expressions,
including references to assumptions. These forward looking
statements are not based on historical facts but rather on the
Directors' current expectations and assumptions regarding the
Company's future growth, results of operations, performance, future
capital and other expenditures (including the amount, nature and
sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements re ect
the Directors' current beliefs and assumptions and are based on
information currently available to the Directors. A number of
factors could cause actual results to differ materially from the
results discussed in the forward looking statements including risks
associated with vulnerability to general economic and business
conditions, competition, environmental and other regulatory
changes, actions by governmental authorities, the availability of
capital markets, reliance on key personnel, uninsured and
underinsured losses and other factors, many of which are beyond the
control of the Company. Although any forward looking statements
contained in this Document are based upon what the Directors
believe to be reasonable assumptions, the Company cannot assure
investors that actual results will be consistent with such forward
looking statements.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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